Your college newspaper, The Collegiate Investigator, sells for 90¢ per copy. The cost of producing x copies of an edition is given by C(x) = 70 + 0.10x + 0.001x2 dollars a. Calculate the marginal revenue and profit functions. b. Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 500 copies of the latest edition. Interpret the results. c. For which value of x is the marginal profit is zero? Interpret your answer.
Your college newspaper, The Collegiate Investigator, sells for 90¢ per copy. The cost of producing x copies of an edition is given by C(x) = 70 + 0.10x + 0.001x2 dollars a. Calculate the marginal revenue and profit functions. b. Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 500 copies of the latest edition. Interpret the results. c. For which value of x is the marginal profit is zero? Interpret your answer.
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter4: Calculating The Derivative
Section4.CR: Chapter 4 Review
Problem 87CR
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Your college newspaper, The Collegiate Investigator, sells for 90¢ per copy. The cost of producing x copies of an edition is given by
C(x) = 70 + 0.10x + 0.001x2 dollars
a. Calculate the marginal revenue and profit functions.
b. Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 500 copies of the latest edition. Interpret the results.
c. For which value of x is the marginal profit is zero? Interpret your answer.
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